Arrange the following Institutions in ascending order of their year of establishment: A. SEBI B.…
The Reserve Bank of India was established in 1935, the State Bank of India in 1955, NABARD in 1982, SIDBI in 1990 and SEBI was given statutory status in 1992 (it was set up…
Choose your answer
Arrange the following Institutions in ascending order of their year of establishment:
A. SEBI
B. Reserve Bank of India
C. State Bank of India
D. SIDBI
E. NABARD
Answer and explanation
Correct answer B
The Reserve Bank of India was established in 1935, the State Bank of India in 1955, NABARD in 1982, SIDBI in 1990 and SEBI was given statutory status in 1992 (it was set up as a non-statutory body in 1988). Taking SEBI's statutory establishment, the ascending order is B, C, E, D, A.
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UGC NET Commerce